Wednesday, September 28News That Matters

Author: deandrewills137

Norway's Adevinta returns to growth as markets recover

By Terje Solsvik OSLO, Oct 27 (Reuters) - Norway's Adevinta, which is in the process of taking over eBay's online classifieds business, saw a rebound in third-quarter revenue and earnings as its markets gradually recovered from the coronavirus pandemic, it said on Tuesday. Adevinta said online sites for autos and real estate led the recovery as lockdowns were lifted, but also warned that renewed restrictions on movements and general economic uncertainty could pose fresh challenges. The Oslo-listed company's July-September revenue rose 1.6% year-on-year to 183.3 million euros ($216.64 million), in line with a preliminary Oct.19 statement and beating the 16% drop seen in the April-June quarter. "This shows our business model is in demand ... and how important we are to car dealerships and re...